{"id":47132,"date":"2009-11-23T05:49:00","date_gmt":"2009-11-23T10:49:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/asia-europe-commodities-gold-all-up-sp-futures-powering-higher-2009-11"},"modified":"2009-11-23T05:49:00","modified_gmt":"2009-11-23T10:49:00","slug":"asia-europe-commodities-gold-all-up-sp-futures-powering-higher","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/47132","title":{"rendered":"Asia, Europe, Commodities, Gold, All Up, S&P Futures Powering Higher"},"content":{"rendered":"

The bears put together a little win streak last week, but it looks set to come crashing down, as they obviously failed to deliver any kind of real blow.<\/p>\n

Asia had a big night:<\/p>\n

WSJ<\/a>: Chinese banks in Hong Kong jumped after a researcher under China’s State Council reportedly said the Chinese economy was likely to expand more than 10% in the fourth quarter.<\/strong> Gains in Reliance Industries boosted Indian shares after the market heavyweight announced a bid for Dutch firm LyondellBasell Industries.<\/p>\n

Hong Kong’s Hang Seng Index rose 1.4% to 22771.39 for its first advance in five sessions, while China’s Shanghai Composite rose 0.9% to 3338.66. Japanese markets were closed for a holiday.<\/p>\n

Australia’s S&P\/ASX 200 rose 0.7%, Taiwan’s Taiex climbed 0.1%, South Korea’s Kospi slipped 0.1%, New Zealand’s NZX 50 ended flat and the Philippines’ main index fell 0.7%. Singapore’s Straits Times Index ended up 1.3% and in afternoon trading, India’s Sensex rose 0.8%.<\/p>\n

Europe was up too, and US futures are pointing solidly higher.<\/p>\n

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Gold, meanwhile, is above $1165, a brand-new record.<\/p>\n

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